China / Economy

Greka signs $65m drilling deal with Essar Oil

[2013-12-18 21:06]

Greka Drilling Limited, the largest independent and specialized unconventional oil and gas driller in Asia, announced on Wednesday that it has signed a $65 million contract to provide turnkey and allied services to India-based Essar Oil.

China Bitcoin exchange suspends RMB recharges

[2013-12-18 21:03]

In the latest blow to the Bitcoin market in China, BTC China -- the country's main Bitcoin trading platform -- has suspend recharge services using the Chinese currency.

Cities set pace with shopping centers

[2013-12-18 20:59]

More shopping centers are being built in second- and third-tier cities than in first-tier ones, a survey released on Wednesday shows.

Amazon to open cloud-computing service in China

[2013-12-18 20:42] announced on Wednesday its plans for a limited preview of its cloud-computing offering to clients in China - Amazon Web Services.

Popular cemetery stock to trade on Thursday

[2013-12-18 20:23]

Fu Shou Yuan, the operator of a chain of high-end cemeteries, will start trading in the Hong Kong Stock Exchange on Thursday, after raising HK$1.6 billion ($206 million) through an initial public offering.

China announces greener petrol standard

[2013-12-18 19:40]

China's Standardization Administration announced on Wednesday a stricter quality standard for gasoline to reduce vehicle emissions.

China Mobile, Apple still in iPhone deal talks

[2013-12-18 19:19]

China Mobile Ltd said it's still in talks with Apple Inc to sell iPhones amid mounting industry speculation that the pair are about to announce a deal to net the technology giant hundreds of millions of potential new customers.

Victorinox opens store in downtown Shanghai

[2013-12-18 18:41]

The traditional Swiss brand Victorinox opened its first flagship store on Shanghai's Huaihai Road on Wednesday as part of its ongoing retail expansion in China.

Home prices continue monthly rise

[2013-12-18 11:07]

Property prices in major cities continued to rise in November on both a yearly and monthly basis, the National Bureau of Statistics said on Wednesday.

Luxury market cooling down

[2013-12-18 01:09]

China's anti-corruption campaign is cited as one of major factors dragging down growth in its luxury goods market. Growth is expected to cool in 2013.

Court to issue guide on private loan cases

[2013-12-18 01:09]

Beijing's top court is to issue a guideline for judges on how to handle cases involving private loans to standardize rulings.

China's luxury goods consumption cools: survey

[2013-12-17 21:38]

The Chinese mainland's luxury goods market has slowed from seven-percent growth in 2012 to around two percent in 2013, according to the "2013 China Luxury Goods Market Study" released on Tuesday in Shanghai.

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